All PropertyEU Archive articles – Page 1672
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PropertyEU Archive
Bilfinger Berger unit buys 75% of Dutch-owned Actys
EPM Assetis (EPM), a subsidiary of German listed company Bilfinger Berger, has made a strategic investment in Dutch commercial property manager Actys Holding with the purchase of 75% of Actys' shares.
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PropertyEU Archive
LaSalle buys Stockley Park offices at 8.8%
LaSalle Investment Management has completed the purchase of a Stockley Park office block in Uxbridge, Greater London, for £22 mln (EUR 26 mln), reflecting a net initial yield of 8.82%. The vendor was Invista Real Estate.
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PropertyEU Archive
French office REIT FPF rejects fresh bid
The new offer submitted by Paris Hôtels Roissy Vaugirard (PHRV) for French listed office landlord Foncière Paris France is still 'significantly below the company's intrinsic value', FPF said in a statement. The company will call a general meeting to issue a new recommendation to shareholders, it added.
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PropertyEU Archive
French insurer makes first major 'green' property buy
French insurance firm Mutuelle d’Assurances du Corps de Santé Français (MACSF) has agreed to buy the Via Verde office development in the Terrasses district of Nanterre, France, from the development arm of BNP Paribas Real Estate for an undisclosed amount.
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PropertyEU Archive
CBRE Investors buys shopping mall in Liège
CBRE Global Investors has bought Galeries Saint Lambert in the Belgian city of Liège from Credit Suisse Asset Management's frozen German open-ended fund, CS Euroreal. Financial details were not disclosed.
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PropertyEU Archive
EBS REMI, Corestate launch distressed debt research platform
Swiss private equity firm Corestate Capital is teaming up with the Real Estate Management Institute (REMI) of Germany's EBS University to launch a new research platform on distressed real estate debt aimed at helping corporates to cope with 'the imminent financing freeze'.
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PropertyEU Archive
Pramerica, Paris Inn form JV to invest in Paris hotels
Pramerica Real Estate Investors and Paris Inn Group said on Monday that they are joining forces to invest in Paris hotels and have already acquired two first assets for more than EUR 30 mln.
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PropertyEU Archive
Altarea office fund raises EUR 600m
French listed group Altarea Cogedim has announced its first office property investment vehicle, AltaFund, raised EUR 600 mln in total equity commitments in its final closing. The fund was 20% oversubscribed. In March the fund raised EUR 350 mln during an initial close.
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PropertyEU Archive
Perella Weinberg seeks EUR 1.2b for European fund
US privately-owned financial services firm Perella Weinberg is reportedly raising EUR 1.2 bn for its second European real estate fund, which is expected to hold its first close by March 2012.
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PropertyEU Archive
PHRV raises offer for Paris REIT by 10%
Paris Hôtels Roissy Vaugirard (PHRV) has raised its takeover bid for Foncière Paris France, illustrating its resolve to take control of the Paris office landlord.
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PropertyEU Archive
Aberdeen buys Berlin resi project for EUR 100m
German real estate group Westfälische Grundbesitz und Finanzverwaltung (WGF) has announced the sale of a housing project in the Prenzlauer Berg district of Berlin to fund manager Aberdeen Immobilien KAG for EUR 100 mln.
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PropertyEU Archive
Freo, Area in triple digit retail investment in Frankfurt
A joint venture of Luxembourg-based private equity company Freo and US opportunity investor Area Property Partners has acquired the One Goethe Plaza development project on Frankfurt's Goetheplatz. Although the financial details were not disclosed, it is understood that the development cost will total several hundred million euros.
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PropertyEU Archive
Rockpoint offloads major Berlin development
US investment manager Rockpoint is divesting Ernst-Reuter-Haus, a major office scheme in Berlin, to local insurance firm R+V Versicherung for an undisclosed amount.
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PropertyEU Archive
Ivanhoé Cambridge snaps up Hines project in Paris
Canadian investor Ivanhoé Cambridge has signed a preliminary agreement to buy the Petra development project in the district of Seine Rive - Ile Seguin in Boulogne-Billancourt, just outside of Paris. Financial details were not disclosed.
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PropertyEU Archive
Foreclosures set to rise as euro woes continue: RICS
The global supply of distressed property is set to rise through to the end of the year as economic turmoil in the Eurozone lingers, according to RICS' latest Global Distressed Property Monitor.
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PropertyEU Archive
Investors in funds of funds target further cuts in fees
Real estate investors in non-listed funds of funds will seek to apply further downward pressure on fees to minimise overall management costs in the future, according to the INREV Fund of Funds Fees Study 2011.
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PropertyEU Archive
Valad Europe's lettings in CEE top 70,000 m2
Multi-let real estate investment manager Valad Europe has let some 70,000 m[sup]2[/sup] across the CEE region so far this year, the company said in a statement. The lettings will generate annualised rental income of EUR 4 mln on behalf of the Central European Industrial Fund (CEIF).
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PropertyEU Archive
Al Faisal completes EUR 232m London hotel deal
Northern Irish developer McAleer & Rushe has completed the sale of its W Hotel development on Leicester Square in London to Qatari investor Al Faisal Holding for just under £200 mln (EUR 232 mln).
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PropertyEU Archive
Germany’s residential market powers ahead amid eurozone crisis
Germany’s residential market is booming. As volatility in the eurozone reaches near-breaking point, investors are turning to Germany’s residential sector as a safe haven.
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PropertyEU Archive
C&W signs new alliance in Finland
Cushman & Wakefield said on Wednesday that it has named Tuloskiinteistöt Oy as its new alliance partner in Finland in a move to strengthen its Nordic platform.


